Crude Oil WTI Aug '25 (CLQ25)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26) is up +0.1502 (+4.38%). Â Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Â Crude prices continue to climb as stalled peace talks between the US and Iran are keeping the Strait of Hormuz closed, tightening global oil supplies. Â Crude prices added to their gains today on a bullish weekly EIA inventory report.
Crude prices are soaring today after the US signaled it will maintain its naval blockade of Iran for the foreseeable future. Â The Wall Street Journal reported that President Trump told his aides to prepare for an extended blockade and that it carries less of a risk for the US than resuming hostilities or walking away from the conflict without securing a deal that curbs Iran's nuclear activities. Â
Energy prices remain underpinned amid the Strait of Hormuz's continued closure, threatening... Read more
Barchart · Wed Apr 29, 10:31AM CDT
June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended...
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